(Diagram courtesy Deere and Company)
Quad Cities-based Deere and Company's buying a German road construction equipment maker.
The Wirtgen Group makes numerous products, used to build and/or fix roads.
The company does business in more than 100 countries.
The purchase price for the equity is EUR 4.357 billion in an all-cash transaction. The total transaction value is approximately EUR 4.6 billion (USD 5.2 billion based on current exchange rates), including the assumption of net debt and other consideration.
The Wirtgen Group has five premium brands across the entire road construction sector spanning milling, processing, mixing, paving, compaction and rehabilitation.
Deere says Wirtgen's products complement those manufactured by Deere.
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